InsuredBetter's Limit Insurance Score
4.75 Stars
We award Limit Insurance a final rating of 4.75 out of 5 stars. Limit is not a traditional insurance company but a digital wholesale broker that caters to the cyber insurance market. The company works with more than 40 different insurance carriers and can provide customers with extremely fast coverage quotes in under 60 seconds.
Limit was founded in 2020 and is headquartered in New York, New York. The company helps customers get matched to the right kind of cyber insurance, tech E&O insurance, or miscellaneous E&O coverage for their business. With its extremely fast services, Limit is an excellent choice for business customers in need of fast cyber coverage. Overall, we highly recommend working together with an independent insurance agent to look into Limit.
Limit Insurance Company Pros and Cons:
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Works with more than 40 different carriers
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Claims process not listed on official website
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Provides several types of cyber coverage
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Offers 60-second quotes
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Price range estimates available on official website
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To find insurance in your state, use our national insurance company directory to find the best company to meet your needs. You can locate insurance companies that specialize in your specific coverage needs and get connected to an agent near you.
Limit Cyber Insurance Cost by Industry
Limit's official website provides a cost calculator for its cyber insurance policies based on a business's specific industry and revenue. Here are just a few cost range estimates for Limit's cyber insurance policies.
| Industry | Revenue | Coverage Limit | Cost of Cyber Insurance |
|---|---|---|---|
| Information Technology | $1 Million | $1 Million | $1.6k to $4.2k |
| Public Administration | $1 Million | $1 Million | $1.4k to $3.6k |
| Retail | $1 Million | $1 Million | $0.9k to $2.4k |
| Construction | $1 Million | $1 Million | $0.9k to $2.4k |
| Real Estate | $1 Million | $1 Million | $1.1k to $2.7k |
What Discounts Does Limit Offer?
Limit does not make information about its specific discounts readily available on its official website. But an independent insurance agent can provide you with quotes and exact discount information from Limit.
Limit Insurance Customer Service
fLimit offers online support, phone customer service support, and snail mail. The carrier provides the following customer service options:
- Phone
- Snail mail
- Live chat on website
To ensure a great customer service experience, work together with an independent insurance agent. These agents can help handle claims and other matters for you so you can relax and enjoy your coverage.
Limit Insurance FAQs
What is Limit's average claims response time frame?
Limit does not provide information about a claims response time frame on its official website or social media. But an independent insurance agent can file claims directly for you.
What is Limit's customer service availability?
Limit allows customers to get in touch with them through a few mediums, including phone, snail mail, or live chat on the official website. The phone service department does not specify its hours. Customers can also reach out to the carrier through their independent insurance agent or contact them through LinkedIn.
What is Limit's claims process?
Limit does not specify a claims process on its official website or social media. However, an independent insurance agent can handle the entire claims process for you. If current customers have questions about filing claims or the claims process itself, they can contact the carrier via the official website, phone, email, or social media.
Does Limit create a user-friendly experience for its customers?
Limit's official website is highly intuitive and easy to navigate. The carrier provides customer service through live chat on the official website and also offers phone and snail mail support. Customers can also get in touch through the carrier's LinkedIn social media profile. Overall, Limit does create a highly user-friendly experience for customers.
Is Limit a good insurance company?
Limit is a digital wholesaler insurance company that works with more than 40 carriers. Customers can get quotes for coverage in under 60 seconds. With such fast customer service and important coverage options, including cyber insurance, Limit can indeed be considered a good insurance company.
Who are Limit's insurance products right for?
Limit's insurance products are right for businesses that rely on technology to get the job done. Any business that uses computers is at risk of cybercrimes and related incidents. Limit's cyber insurance policies are used by business industries ranging from retail to construction and beyond.
How much are Limit's cyber insurance rates?
While your independent insurance agent can help obtain exact quotes for Limit's cyber insurance for you, we were able to find a few annual cyber insurance averages for different business industries. These price ranges are available on Limit's official website and are based on annual revenues of $1 million and policy limits of $1 million:
Information Technology: $1.6k to $4.1k
Public Administration: $1.4k to $3.6k
Retail: $1.1k to $2.8k
Construction: $0.9k to $2.4k
Sources
https://www.limit.com/about
